Defined contribution plan

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 4, 2023, for a severe winter storm in Arkansas, for the incident period of January 30, 2023 – February 2, 2023.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 3, 2023, for severe winter storms, straight-line winds, flooding, landslides, and mudslides in California, for the incident period of February 21, 2023, and continuing.

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and tornadoes in Arkansas.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 2, 2023, for severe storms and tornadoes in Arkansas, for the incident period of March 31, 2023.

During the COVID-19 Public Health Emergency (PHE) and National Emergency, numerous requirements were introduced for group health plans, which were generally aimed at ensuring individuals did not forgo testing or treatment for COVID-19 because they could not afford to pay for such services.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 26, 2023, for severe storms, straight-line winds, and tornados in Mississippi, for the incident period of March 24, 2023, to March 25, 2023.

The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms and snowstorms in New York.

The SECURE 2.0 Act modifies one small-employer credit and creates another. These credits may make establishing and contributing to a plan much more attractive.

Effective March 22, 2023, the prime interest rate increased from 7.75 percent to 8.00 percent.

The IRS has issued Revenue Procedure 2023-17 announcing the 2024 indexed adjustments to the amounts used to calculate employer shared responsibility payments under Internal Revenue Code Sections 4980H(a) and 4980H(b)(1).